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Apollo obtained interests in firms that Drexel experienced served finance by purchasing significant-produce bonds from unsuccessful savings and financial loans and insurance plan corporations. Apollo acquired a number of significant portfolios of assets through the U.S. authorities's Resolution Trust Company.[19] Certainly one of Apollo's earliest and most prosperous specials involved the acquisition of Executive Lifetime Insurance provider's bond portfolio.

Please join us in congratulating Apollo Associate Shari Verschell, the inaugural recipient in the Marc Becker Excellence in Lifestyle and Leadership Award. Shari was identified for her deep dedication to staff culture, her passion for investing in mentorship and expertise growth through the company, and her important devotion and contributions to Board service and community get the job done both of those at Apollo and outside in the Place of work.

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Citigroup had been struggling to syndicate the loans prior to the onset in the credit history crunch. The loans ended up reported to have been offered during the "mid-eighty cents over the dollar" relative to deal with price. In late 2008, Apollo been given margin calls related to the financing of its purchase of sure bank loan portfolios as being the values on the financial loans lowered.[80][81]

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